Mark Cuban: Ditch Gold, Invest in Bitcoin for Maximum Profits!
• Mark Cuban, the billionaire investor and crypto bull, believes that owning gold is the wrong way to go and encourages people to invest in bitcoin instead.
• Cuban argues that physical gold ownership can be dangerous and that storing wealth in Bitcoin is a safer option.
• The recent spate of bank failures has caused traders to return to speculative assets like BTC out of fear for the centralized monetary system.
Mark Cuban: Invest in Bitcoin Instead of Gold
Billionaire investor and crypto bull Mark Cuban is still a fan of bitcoin despite the bearish market of 2022. In an interview with Bill Maher, a popular talk show host, Cuban declared that owning gold was not safe as it does not guarantee physical possession and is thus prone to being taken away. He suggests investing in BTC instead as it has proven time and time again to be a reliable store of value during times of crises.
Why Gold Is Not Safe
In his discussion with Maher, Cuban asserted that if everything completely goes south and you have a gold bar, someone will beat or kill you in order to take it away from you – demonstrating how unsafe gold can be when it comes down to physically possessing it. He claims that unlike gold, bitcoin provides individuals with more security as they are guaranteed ownership over their own digital coins no matter what happens in the world around them.
Return To Speculative Assets
The recent bank failures have led traders back into speculative assets such as BTC due to the uncertainty surrounding centralized banking systems. This influx of investment into cryptocurrency has caused bitcoin’s value to skyrocket; it is currently at its highest point since nine months ago which demonstrates how much confidence people now have in this asset class once again.
2008 Financial Crisis & Bitcoin
It should also be remembered that bitcoin was first created as a response to the 2008 financial crisis; therefore, its price always rises during these difficult economic times as it seems to provide investors with financial security during calamities such as these.
The Bottom Line
Overall, despite all the volatility surrounding cryptocurrency markets lately, Mark Cuban remains confident about investing his money into bitcoin and other digital currencies rather than traditional stores of value (such as gold). His opinion reflects many others’ on this issue too given BTC’s current nine-month high which suggest people are putting their trust back into cryptocurrency after banks have failed left right and center recently.